Mahindra Last Mile Mobility is India’s No.1, electric 3-wheeler manufacturer and sold 36,816 EVs in FY23

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Updated On: 13-Jun-2023 05:56 AM

The extensive 1,150 touchpoints across India, the installation of 10,000+ charging stations, and the Mahindra brand's dependability have all contributed to Mahindra LMM maintaining its No.1 EV manufacturer position.*

In FY23, Mahindra Last Mile Mobility (LMM), a company of Mahindra & Mahindra, established itself as the No.1* electric 3-wheeler producer. During this time, Mahindra LMM sold 36,816 EVs and held a 14.6%* market share. This is a considerable improvement as compared to the previous fiscal year's performance of 17,522 units and 7.6%* market share.

The extensive 1,150 touchpoints across India, the installation of 10,000+ charging stations, and the Mahindra brand's dependability have all contributed to Mahindra LMM maintaining its No.1* EV manufacturer position. Mahindra LMM added the Zor Grand, a powerful 3-wheeler EV in FY23. Zor Grand contributed to an order book of over 23,000 within a year of its launch.

Also Read: Mahindra launched its first Dual-Fuel commercial vehicle: Mahindra Supro CNG Duo

LMM's electric lineup also includes the Treo and Alfas - Mini and Cargo - in addition to the Zor Grand. Based on the faith placed in Mahindra by clients, LMM has sold over one lakh 3-wheeler EVs to date.

The Li-ion-powered Mahindra Treo remains the market leader in electric vehicles, while its cargo variants, the Treo Zor and Zor Grand, have a 32% market share. The 50 000th Mahindra eAlfa was recently rolled out of the Haridwar factory.

LMM has also announced the addition of a new line for its Treo vehicle at its Haridwar site, and work on expanding the Zaheerabad plant has begun. The latter will produce electric three- and four-wheelers for last-mile mobility.

“We passed the one lakh EV sales mark in June '23, demonstrating our substantial experience and leadership in this market. We will continue to seek to provide innovative, sustainable, and economical last-mile mobility solutions that improve the lives of our loyal clients while helping the country meet its carbon emission targets," said Suman Mishra, CEO of LMM.